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1. Parties: Identifies the employer and employee with their full legal names, addresses, and any relevant registration/identification numbers
2. Background: Outlines the employment history, current situation, and reason for settlement
3. Definitions: Defines key terms used throughout the agreement
4. Settlement Amount: Details the total settlement amount and its components (salary, gratuity, bonus, etc.)
5. Payment Terms: Specifies the method and timing of settlement payments
6. Tax Implications: Addresses the tax treatment of settlement components and responsibilities
7. Release of Claims: Mutual release of all claims between parties, including specific claims being waived
8. Confidentiality: Obligations regarding confidentiality of settlement terms and company information
9. Return of Company Property: Requirements for returning company assets and documents
10. Non-Disparagement: Mutual agreements not to make negative statements about each other
11. Reference and Communication: Agreement on how future employment references will be handled
12. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction for disputes
13. Entire Agreement: Confirms this agreement supersedes all previous agreements regarding the subject matter
14. Execution: Signature blocks and execution requirements
1. Non-Compete Obligations: Includes post-employment competition restrictions (if applicable and legally enforceable)
2. Non-Solicitation: Restrictions on soliciting employees or customers (if applicable)
3. Ongoing Cooperation: Terms for employee's assistance in transition or future matters
4. Benefits Continuation: Details about any continued benefits or insurance coverage
5. Equity/Stock Options: Treatment of any outstanding equity or stock options
6. Legal Consultation Acknowledgment: Confirmation that employee had opportunity to seek legal advice
7. Revocation Period: Provides time period for employee to revoke acceptance (if applicable)
8. Surviving Claims: Specifies any claims that survive the release
9. Intellectual Property Rights: Addresses ownership and transfer of any IP rights
10. Social Media: Handling of professional social media accounts and connections
1. Schedule 1 - Settlement Calculation: Detailed breakdown of settlement amount components
2. Schedule 2 - Outstanding Company Property: List of company assets to be returned
3. Schedule 3 - Benefits Summary: Details of any continuing benefits or insurance coverage
4. Schedule 4 - Payment Schedule: If payment is in installments, detailed payment timeline
5. Appendix A - Resignation Letter: Standard format resignation letter to be signed
6. Appendix B - Handover Document: Template for documenting handover of responsibilities
7. Appendix C - Reference Letter: Agreed format of reference letter if applicable
Company
Employee
Effective Date
Settlement Amount
Settlement Date
Termination Date
Confidential Information
Company Property
Claims
Released Parties
Statutory Dues
Gratuity
Final Settlement
Full and Final Settlement
Cause
Severance Pay
Outstanding Benefits
Intellectual Property Rights
Provident Fund
Bonus
Leave Encashment
Notice Period
Professional Taxes
Tax Deducted at Source (TDS)
Employment Period
Parties
Affiliate
Group Company
Salary
Non-Compete Period
Governing Law
Dispute
Surviving Obligations
Employee Benefits
Variable Pay
Reimbursements
Proprietary Information
Stock Options
Restrictive Covenants
Definitions
Settlement Terms
Payment
Release of Claims
Confidentiality
Non-Disparagement
Company Property Return
Tax Compliance
Reference
Future Employment
Non-Compete
Non-Solicitation
Intellectual Property
Statutory Compliance
General Release
Indemnification
Severability
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Waiver
Notice
Assignment
Counterparts
Legal Advice
Voluntary Execution
Survival
Force Majeure
Representation and Warranties
Benefits and Obligations
Confidential Information
Data Protection
Social Media
Information Technology
Manufacturing
Financial Services
Healthcare
Retail
Telecommunications
Professional Services
Education
Construction
Hospitality
Pharmaceutical
Real Estate
Media and Entertainment
Banking
Insurance
Automotive
Energy
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Research and Development
Administration
Product Development
Customer Service
Business Development
Compliance
Risk Management
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Senior Manager
Department Head
Project Manager
Software Engineer
Financial Analyst
HR Manager
Sales Director
Marketing Manager
Operations Manager
Account Manager
Business Development Executive
Technical Lead
Research Analyst
Product Manager
Regional Manager
Branch Manager
Senior Consultant
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